Question 2 (2 Marks)

The following data are available for an ADI

Salaries, wages and benefits	4,681,366
Interest from business loans	10,896,548
Fees and charges	1,320,678
Interest on savings and time deposits	7,359,760
Equipment and occupancy expense	1,552,850
Other non-interest revenue	443,136
Interest from consumer loans	8,112,592
Interest on CDs	1,008,780
Provision for doubtful debts	1,580,784
Miscellaneous expense	1,847,572
Interest on borrowed funds	2,665,170
Interest from trading securities	3,880,790

The ADI pays a 30% tax rate.

Copy and paste the below table into the answer panel, fill in items under the appropriate categories, and calculate the totals indicated in bold, and hence construct a statement of financial performance. (Make sure you list each item dont just show totals). Alternatively, you could copy and paste (as text , not html) the table into Excel, populate, then copy into the answer panel or upload the Excel file.

Note: include provision for doubtful debts as part of non-interest expense.

Interest Income
Trading securities
Business loans
Consumer loans
Total
Interest expense
Savings and term deposits
Certificates of deposit
Borrowed funds
Total
Net interest income
Non interest income
fees and charges
Other non-interest revenue
Total
Non interest expense
Provision for doubtful debts
Salaries, wages and benefits
Equipment and occupancy expenses
Miscellaneous expenses
Total
Net non-interest income
Profit from ordinary activities before tax
Income tax (30%)
Profit from ordinary activities after tax